CBRE Secures $188.3M in Acquisition Financing for 24-Property Industrial Infill Portfolio Across Atlanta and Nashville

CBRE has arranged $188.3 million in financing for the acquisition of a 24-building, 1.9 million-square-foot infill industrial portfolio located throughout Atlanta and Nashville.

Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Philadelphia-based Stoltz Real Estate Partners. The financing was secured through Starwood Property Trust.

“Securing financing for this extensive industrial portfolio underscores the importance of these assets in key logistics markets like Atlanta and Nashville, where demand for last-mile logistics continues to thrive,” said Linnihan, Vice Chairman at CBRE.

The assets within the portfolio, which range in size from 12,600 square feet to 222,683 square feet and were built between 1974 and 1998, are 93% leased to 80 tenants with a weighted average lease term of 3.6 years.

The portfolio comprises 17 assets across three submarkets in Atlanta totaling 1,051,187 square feet and 65 tenants. The properties are located in last-mile locations throughout the Atlanta MSA, serving 6.2 million people in the eighth-largest MSA in the country. The Atlanta market offers industrial users convenient access to I-75, I-85, I-20, as well as Hartsfield Jackson International Airport and the Port of Savannah, just 3.5 hours away.

Additionally, the portfolio includes seven assets in Nashville, totaling 866,053 square feet and 15 tenants across three submarkets. Nashville is a key transportation hub, offering convenient access to 24 states and within a one-day truck drive of 75% of U.S. markets.

Stoltz Real Estate Partners is a multi-generational fund manager, owner, and developer of commercial real estate. Headquartered in Philadelphia, Pennsylvania, Stoltz currently owns and manages approximately 16 million square feet of industrial, office, multifamily, and retail investments with a combined gross asset value of over $3 billion.